MACD_Tracer

Simple Script for a very fast MACD

Best used as an Indicator Overlay for studying detailed movement.

Indicator over Indicator
Using as a Indicator overlay. You must drag and drop an indicator over another indicator. After you have the visual of both indicators in one indicator box, you must go to CHART PROPERTIES and SCALE LEFT. This way both your indicators are scaled to same axis.


Analysis
Having both indicators allows me the ability to better detect what the indicator is specialized to do. In this case I have one indicator that has strength at detecting Momentum shifts and the other detects Divergences.